Aadhar Housing Finance IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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Aadhar Housing Finance Limited IPO GMP

The Aadhar Housing Finance IPO, a book-built issue with a total value of Rs 3,000.00 crores, comprises a combination of a fresh issue of 3.17 crore shares, amounting to Rs 1,000.00 crores, and an offer for sale of 6.35 crore shares, totaling Rs 2,000.00 crores. Bidding for the IPO opened on May 8, 2024, and is scheduled to close on May 10, 2024.

Allotment is expected to be finalized on Monday, May 13, 2024, with listing on both the BSE and NSE tentatively set for Wednesday, May 15, 2024. The price band for the IPO is set at ₹300 to ₹315 per share, with a minimum lot size of 47 shares. Retail investors are required to invest a minimum of ₹14,805, while the minimum lot size investment for sNII is 14 lots (658 shares), amounting to ₹207,270, and for bNII, it is 68 lots (3,196 shares), totaling ₹1,006,740.

Additionally, there is a reservation of up to 239,726 shares for employees, offered at a discount of Rs 23 to the issue price.

The book running lead managers for the Aadhar Housing Finance IPO are ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, and SBI Capital Markets Limited, with Kfin Technologies Limited acting as the registrar for the issue.

The Offer comprises of the Fresh Issue and the Offer for Sale. An Offer for Sale of up to 63,492,063 Equity Shares of face value of ₹ 10 aggregating up to ₹20,000 million. Fresh Issue of up to 31,746,032 Equity Shares of face value of ₹ 10 aggregating up to ₹10,000 million. The funds from fresh issue will be utilized towards

To meet future capital requirements towards onward lending
General corporate purposes.

The company is required to maintain a minimum capital adequacy ratio, consisting of Tier I capital and Tier II capital of not less than 15% of aggregate risk weighted assets and risk adjusted value of off-balance sheet items with Tier-I capital not below 10% at any point of time.